Ollie's Bargain Outlet (OLLI) Issues FY18 Earnings Guidance
Ollie's Bargain Outlet (NASDAQ:OLLI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.21-1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.21. The company issued revenue guidance of $1.062-1.065 billion, compared to the consensus revenue estimate of $1.07 billion.
Ollie's Bargain Outlet (NASDAQ:OLLI) traded up $1.10 during trading hours on Wednesday, hitting $50.70. The stock had a trading volume of 765,900 shares, compared to its average volume of 592,839. The firm has a market capitalization of $3,046.05, a price-to-earnings ratio of 45.93, a P/E/G ratio of 2.14 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80. Ollie's Bargain Outlet has a 1-year low of $27.75 and a 1-year high of $51.40.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Ollie's Bargain Outlet from a buy rating to a hold rating in a report on Tuesday, August 22nd. Citigroup assumed coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They set a sell rating and a $39.00 price objective on the stock. BidaskClub lowered Ollie's Bargain Outlet from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Jefferies Group upped their price objective on Ollie's Bargain Outlet to $57.00 and gave the stock a buy rating in a report on Tuesday. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a $47.00 price objective (up previously from $46.00) on shares of Ollie's Bargain Outlet in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $47.46.
Ollie's Bargain Outlet Company Profile
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.